In GST audit weather we have to consider interest income in aggregate turnover?
weather we are required to report it in Form 9 table 5?
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Interest income to be considered in aggregate turnover?
Replies (2)
Yes... If the income into the same Pan / gstin.
Yes as such income is Exempted in GST (Noti.12/2017 CT r) but as per the Definition of Aggregate Turnover it includes Exempted incomes.
Note : Interest income does include to compute turnover in case of Composition dealer (Notification 1/2020 CT)
Note : Interest income does include to compute turnover in case of Composition dealer (Notification 1/2020 CT)
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